Culture
Trafigura’s buyback headache grows amid fresh wave of exits
A fresh wave of senior executive departures is heaping pressure on Trafigura Group’s commitment to buy back its employees’ shares, just as…
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Culture
Culture
Meta names ChatGPT co-creator as chief scientist of Superintelligence Lab
The company has been offering some of Silicon Valley’s most lucrative pay packages and striking startup deals to attract top researchers…
Culture
Jeff Bezos wraps up massive Amazon share sale, netting US$5.7 billion
The divestitures come as the company stock has surged 38% from its recent low in late April Jeff Bezos wrapped up a massive sale of…
Culture
Nasa says thousands of employees set to resign from space agency
National Aeronautics and Space Administration (Nasa) will lose roughly 3,870 employees through a voluntary resignation programme, part of…
Culture
China’s Premier Li proposes global AI cooperation organisation
Chinese Premier Li Qiang on Saturday (Jul 26) proposed establishing an organisation to foster global cooperation on artificial…
Culture
China’s Premier Li Qiang proposes global AI cooperation organisation
Chinese Premier Li Qiang on Saturday (Jul 26) proposed establishing an organisation to foster global cooperation on artificial…
Culture
American Airlines’ new Airbus jet grounded by supply chain issue
The aircraft is part of American’s plan to increase its long-haul fleet to 200 in 2029 from about 125 today American Airlines Group has…
Culture
HSBC cuts equities team in Germany as CEO Georges Elhedery continues revamp
Europe’s largest financial institution has already culled dozens of analysts in its investment bank in the last couple of months Holdings…
Culture
Kia aims to win US market share as tariffs force rivals to pull back
South Korea’s Kia Corp said on Friday (Jul 25) that it aims to increase its US sales and market share in the second half, driven by sales…
Culture
LVMH in talks to offload fashion label Marc Jacobs: sources
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, sources familiar with the…
Culture
Tesla gets multiple shareholder proposals related to investment in xAI
Tesla said on Friday (Jul 25) it had received a number of shareholder proposals regarding the company’s plan to invest in CEO Elon Musk’s…
Culture
Intel to separate networking unit as new CEO Tan overhauls business
The CEO has been given the challenge of revitalising the chipmaker after years of missteps and high-capital manufacturing strategies led…
Culture
US dollar set for worst week this month as trade deadline nears
The US dollar is wrapping its worst week in July as US President Donald Trump amps up his calls for interest-rate cuts amid a looming…
Culture
Oil prices dip to settle at three-week low on US and China economic concerns
Oil prices eased on Friday (Jul 25) and settled at a three-week low as traders worried about negative economic news from the US and China…
Culture
Europe: Shares settle lower as investors gauge mixed earnings, EU-US trade progress
European shares closed lower on Friday (Jul 25), as investors assessed mixed corporate earnings while awaiting updates on a framework of…
Culture
US: S&P 500 closes at 5th straight record
The S&P 500 and Nasdaq finished at fresh all-time records on Friday (Jul 25) amid optimism over US trade deals, concluding a winning week…
Culture
Euro zone economy holds up even as ECB speakers look to temper market view of no more cuts
The euro zone economy has remained resilient to the pervasive uncertainty caused by a global trade war, a slew of data showed on Friday…
Culture
Intel slumps as potential foundry exit deepens investor gloom
Intel shares sank 8 per cent on Friday (Jul 25) after the company warned of exiting chip manufacturing if it fails to secure a major…
Culture
US: Wall St opens steady as investors prepare for August 1 deadline
Wall Street’s main indexes opened steady on Friday (Jul 25) following record closes for the S&P 500 and the Nasdaq in the previous…
Culture
iFast posts 37.9% rise in Q2 net profit to S$22.1 million
Digital bank and wealth management platform iFast Corp reported a 37.9 per cent increase in net profit for the second quarter ended June…
Culture
Gold eases after Trump downplays clash with Fed chair Powell
Gold extended a decline on Friday (Jul 25) as the US dollar rose after President Donald Trump downplayed his clash with Federal Reserve…
Culture
SIA chairman Peter Seah redesignated as non-independent director after AGM
Redesignation is in accordance with SGX rule which stipulates that a director of a listed company will not be independent if he or she has…
Culture
S&P downgrades SingPost’s credit rating to ‘BBB-’ on downscaling, subdued operating conditions
S&P Global Ratings on Friday (Jul 25) downgraded its long-term issuer credit rating on Singapore Post (SingPost) to “BBB-” from “BBB”, as…
Culture
DayOne breaks ground on first Singapore data centre to trial hydrogen-based power generation
DayOne Data Centers Singapore is developing the nation’s first data centre to pilot on-site hydrogen-based power generation. The…